Welltower (WELL) Set to Announce Quarterly Earnings on Monday

Welltower (NYSE:WELL) is scheduled to be announcing its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $1.04 per share for the quarter. Welltower has set its FY24 guidance at $4.13-4.21 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm posted $0.90 EPS. Welltower’s revenue was up 9.6% compared to the same quarter last year. On average, analysts expect Welltower to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Welltower Stock Performance

NYSE WELL opened at $130.20 on Friday. The company has a fifty day simple moving average of $125.34 and a 200 day simple moving average of $110.55. Welltower has a 12-month low of $80.80 and a 12-month high of $132.66. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The company has a market cap of $77.85 billion, a P/E ratio of 160.74, a PEG ratio of 2.87 and a beta of 1.21.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were given a $0.67 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.68 annualized dividend and a yield of 2.06%. This is an increase from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio (DPR) is presently 330.86%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WELL shares. KeyCorp upped their target price on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 2nd. Morgan Stanley upped their price objective on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Evercore ISI boosted their target price on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.38.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.